Rakhi Sawant income tax appeals gets both relief and dismissal from ITAT-dismissal for delay, disallowance us 40(a)(ia) remanded assessee being…
Penalty for late filing TDS return us 272A(2)(k) quashed as accountant had changed during the year and assessee was not…
Partnership salary allowed in profit loss ratio as per deed. Remuneration clause provided the manner of quantifying as per CBDT…
No Penalty 271(1)(c) even if quantum proceedings upheld additions. Merely because a bona fide explanation did not find favour, it would not…
Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa. Sasikala also gets relief from ITAT ABCAUS Case Law Citation:…
No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from…
Bogus share capital entry to obtain bank loan. Addition made u/s 68 remanded back to verify facts in view of…
Section 68 is about satisfaction of AO not CIT us 263 to sit on the judgment of Assessing Officer. Revision…
Expenses on issue of shares eligible deduction us 35D. Deduction for payment of bonus to employees eligible u/s 36 and…
Diary also books of accounts us 44AA. Section does not prescribe books for business but only talks of accounts-documents which…